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| Presented By Meta |
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| Axios AM |
| By Mike Allen · Oct 17, 2022 |
| Happy Monday. Smart Brevity™ count: 1,481 words ... 5½ minutes. Edited by Noah Bressner. 🚨 Breaking: Ye, formerly known as Kanye West, plans to acquire Parler, a Twitter-like social media app that has become a haven for conservatives, Axios' Sara Fischer reports. Go deeper. |
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| 1 big thing: Biden's stock shock |
 Data: Yahoo Finance. Chart: Axios Visuals The S&P 500 has sagged over President Biden's term — a political drag compared with booming markets Presidents Obama and Trump enjoyed ahead of their first midterms, Axios Pro Rata author Dan Primack writes. - A New York Times/Siena College poll out this morning gives the GOP "a narrow but distinctive advantage" for winning control of Congress "as the economy and inflation have surged as the dominant concerns."
🧮 By the numbers: The S&P 500 is down 5.6% between the last market close before Biden's inauguration and last Friday. - The Dow Jones industrials are off 4.19% over the same period, while the tech-heavy Nasdaq has shed 21.4%.
 Data: Bureau of Labor Statistics. Chart: Simran Parwani/Axios Consumer prices continued to soar in September, Axios' Courtenay Brown writes from data released last week. - Compared to a year ago, prices are up 8.2%.
🧠 Between the lines: Stock market performance isn't necessarily an avatar for broader economic health. - But it can drive Americans' perceptions of the economy — particularly when they see retirement accounts rise or fall.
Share this story ... Get Axios Pro Rata. |
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| 2. 🇺🇦 Kamikaze drones blitz Kyiv |
| Photo: Yasuyoshi Chiba/AFP via Getty Images Above: A police officer fires at a flying drone following attacks today in Kyiv, the Ukrainian capital. Kyiv was hit by multiple explosions that Ukrainian officials said were caused by Iranian drones fired by Russian forces. - The attacks came exactly a week after Russian President Vladimir Putin ordered a missile bombardment of cities across Ukraine in retaliation for the explosion of a bridge linking Russia with Crimea.
Photo: Yasuyoshi Chiba/AFP via Getty Images A drone approaches for an attack in Kyiv today. Photo: Kyiv Mayor Vitali Klitschko/ TwitterAbove: Kyiv Mayor Vitali Klitschko posts an image of what he describes as the wreckage of one of the drones that attacked his city. |
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| 3. Doctors seek bigger voice in politics |
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| Illustration: Sarah Grillo/Axios |
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| Doctors who've never been involved in politics before are mobilizing to influence the midterms, joining battles over abortion and gun violence, Axios' Victoria Knight reports. - Why it matters: The same public distrust and politicization of science that's fueling physician burnout is drawing some doctors to grassroots political movements. They're being featured in political ads, joining candidates on the stump and, in some cases, even running for office.
"After the Dobbs decision," said Belinda Birnbaum, a rheumatologist in Pennsylvania, doctors had a "We can't take this anymore after everything we had been through with the pandemic" moment. - "Every conversation we had with every patient was about the pandemic and combatting all of the misinformation out there."
Democratic doctors are running for four potentially competitive House seats — all messaging that physicians are urgently needed in Congress to meet this political moment. - At least four Republican doctors are running for Congress this cycle, including Dr. Mehmet Oz, running for U.S. Senate in Pennsylvania.
Keep reading. |
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| A message from Meta |
| Future surgeons will get hands-on practice in the metaverse |
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| Surgeons will engage in countless hours of additional low-risk practice in the metaverse. The impact: Patients undergoing complex care will know their doctors are as prepared as possible. The metaverse may be virtual, but the impact will be real. See how Meta is helping build the metaverse. |
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| 4. 🔮 Future is now: Better hurricane forecasts |
| Illustration: Annelise Capossela/Axios The killer app for hurricane prediction could be lightweight drones that explore the fiercest parts of a hurricane and send back real-time data. - And new satellite tech is giving forecasters a better look at storms from above, Axios' Andrew Freedman and Jennifer A. Kingson write.
Why it matters: Seesawing forecasts and delayed evacuations for Hurricane Ian may have contributed to deaths in Florida — and have spurred soul-searching about how to do better. - Better forecasts will be increasingly vital as climate change produces more intense and wetter hurricanes, which undergo rapid intensification — like Ian did shortly before its devastating landfall.
🌀 Where it stands: Today's monitoring systems are good at predicting a storm's track but struggle to anticipate intensity changes. What's happening: In recent firsts, uncrewed airborne and seaborne drones have transmitted live data and video from inside these violent storms, including areas off limits to Hurricane Hunters. - After enduring an especially rough ride into Hurricane Ian, NOAA scientists deployed a 27-pound drone called Altius into the storm's eye and eyewall for two hours of data acquisition.
A Saildrone deployed by NOAA near St. Petersburg, Fla., this year. Photo: NOAA, SaildroneLast year, NOAA first used "Saildrones" — surface vessels that troll the ocean to assess storm intensity. - A Saildrone that plunged into Hurricane Sam last year marked "the first time we ever had video coming back in real time from the eye of the hurricane," said Matt Womble, director of ocean data at Saildrone, an NOAA contractor based in Alameda, Calif.
Keep reading. |
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| 5. New super PAC forms as Jim Banks eyes House GOP leadership |
| Rep. Jim Banks (R-Ind.) speaks next to House Republican Leader Kevin McCarthy outside the Capitol last year. Photo: Rod Lamkey/CNP via Reuters A new, well-funded super PAC is supporting the political priorities and policy agenda of Rep. Jim Banks of Indiana, an ambitious GOP House member expected to compete for the House majority whip role if his party wins power, Axios' Jonathan Swan reports. - Why it matters: A Banks-blessed super PAC — which plans to help his colleagues in this final stretch before the midterms — could aid his leadership ambitions.
The group, American Leadership PAC, was formed last month. Within weeks, it raised $2 million to spend before the Nov. 8 elections, according to a source with direct knowledge of the fundraising. - Banks, 43, already chairs the largest bloc of House conservatives. He told Axios he is "excited about the effort" and is "doing my part and everything I can to help win back the House majority."
- The super PAC plans to spend on direct mail, text messages and digital advertising in around a dozen competitive House races.
The group is being overseen by GOP strategists Andy Surabian and James Blair. Surabian will be the super PAC's chief strategist. - Surabian told Axios that Banks "truly gets how President Trump remade the Republican Party for the better," and that the super PAC will help elect Republicans who share Banks' vision of the GOP as "working-class" conservatives defending values against an "authoritarian left."
🔎 The intrigue: The super PAC may help Banks persuade his colleagues that he would be an able fundraiser for the GOP conference should he become the House majority whip. - Fundraising is viewed as a weak spot for Banks in the whip race, given he is expected to run against the chair of the House Republicans' campaign arm, Rep. Tom Emmer (R-Minn.).
- Banks has told allies he is "100% committed" to winning the whip race, a source said. Some of his colleagues believe he has longer-term aspirations to run for the Senate.
Lachlan Markay contributed reporting ... Share this story. |
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| 6. 📚 Sneak peek: "Unchecked" goes inside impeachments |
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| Cover: William Morrow |
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| Out tomorrow ... From Chapter 11 of "Unchecked: The Untold Story Behind Congress's Botched Impeachments of Donald Trump," by Rachael Bade of Politico and Karoun Demirjian of The Washington Post: Privately, Trump and his top White House aides were extremely concerned about losing GOP lawmakers' support once they learned the full extent of what Trump had done in Ukraine. So they had devised a plan: His aides would sell their top Hill surrogates on the transcript — but deliberately hold back the more damaging allegations in the whistleblower report, which documented how Trump systematically targeted Ukraine over several months to exact political favors, including possibly leveraging U.S. military assistance. "If they could corner lawmakers into publicly defending Trump's call with Zelensky, they believed," the authors write, "then GOP lawmakers would be less likely to break with the White House when the full story came out." |
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| 7. Scoop: Flipboard cuts 21% of staff |
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| Flipboard CEO Mike McCue. Illustration: Rebecca Zisser/Axios |
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| Online content aggregator Flipboard has laid off 24 staffers, or 21% of its workforce, Axios' Ina Fried writes from the Bay Area. - "Yes, we restructured due to the bad economy and tough outlook for the digital ad business," CEO Mike McCue said in an email interview.
Why it matters: The cuts are one more sign that a slowdown in the online advertising market, fed by broader economic headwinds, is hurting a range of tech firms large and small. The backstory: Flipboard launched in 2010 as an iPad-only app that pulled together content from other sources in an attractive design. - While it has expanded into video and increased local coverage, Flipboard today faces stiff competition from Apple News + news aggregators from Google, Meta and other providers.
Share this story. |
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| 8. Uber Eats to deliver pot in Toronto |
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| Illustration: Rebecca Zisser/Axios |
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| Uber Eats customers in Toronto will be able to order cannabis starting today, thanks to a new partnership with Leafly, Axios' Ina Fried reports. - Why it matters: It's the first time that marijuana delivery will be available through a major third-party delivery platform, Leafly says.
How it works: Those in Toronto aged 19 years old and over will be able to order in the app as they would from a restaurant. When ordering, they'll be warned they must be of legal age. - Deliveries will be made by the cannabis retailer's staff rather than an independent driver.
- The deliverer will verify a customer's age and sobriety, in order to conform to Canadian law.
Uber Eats Canada general manager Lola Kassim said the service "will help combat the illegal market and help reduce impaired driving." |
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| A message from Meta |
| Building more efficient cities will be possible with the metaverse |
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| In the metaverse, urban planners will bring their designs to life and collaborate with engineers, architects and public officials in real time — paving the way for less congested cities. The metaverse may be virtual, but the impact will be real. Learn how Meta is helping build the metaverse. |
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